Name _______________________
Franchise assignment
This internet activity will allow you to explore the cost of opening a franchise. You will go to the website http://entrepreneur.com/franchise500/index.html 1. 2. 3. 4. You will see the top 10 franchises for 2007 and there will be a list ranking the rest of the franchises Look at several different franchises. Pick three that you would be interested in purchasing if you in fact could afford it. Then answer the following questions.
Franchise Number 1 ____________________ 1. What year did the business begin? ____________________________________________________ 2. What is the year the franchise began? __________________________________________________ 3. Where did the business begin? ________________________________________________________ 4. What is the history of the business? (at least 5 sentences) _________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ 5. What is the franchise growth? ________________________________________________________ 6. Where are they seeking franchises? ____________________________________________________ 7. What if any special program does the business offer?_____________________________________ _____________________________________________________________________________________ Now click on Costs and Fees 8. What is the total investment? _________________________________________________________ 9. What is the Franchise fee? ____________________________________________________________ 10. What is the ongoing Royalty Fee? ____________________________________________________ 11. How long is the agreement for and can it be renewed? __________________________________ Additional information 12. What is their official website? ________________________________________________________
2 13. Find an article about their business – (usually under publications or customer relations on their official websites) if not use a search engine to locate one – Write at least 5 sentences about the article. _______________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ 14. Do we have a franchise in our area? If not why do you think that is? ______________________ _____________________________________________________________________________________ 15. What kind of support is provided to the business owner after opening the business? _____________________________________________________________________________________ _____________________________________________________________________________________ 16. What are the requirements of the owner/manager of this franchise (i.e. education, personality traits, etc.)? ___________________________________________________________________________ _____________________________________________________________________________________ 17. How can you contact the company to obtain more information about the franchise? ________ _____________________________________________________________________________________ _____________________________________________________________________________________ 18. What did you find interesting about the particular franchise? ____________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ 19 and 20. Include any other two facts that you would like to include. a. ______________________________________________________________________________ b. ______________________________________________________________________________
Be prepared to possibly create PowerPoint in reference to one of your researched franchise. So you may not select the same one that a neighbor has selected in doing.
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Franchise Number 2 ____________________ 1. What year did the business begin? ____________________________________________________ 2. What is the year the franchise began? __________________________________________________ 3. Where did the business begin? ________________________________________________________ 4. What is the history of the business? (at least 5 sentences) _________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ 5. What is the franchise growth? ________________________________________________________ 6. Where are they seeking franchises? ____________________________________________________ 7. What if any special program does the business offer?_____________________________________ _____________________________________________________________________________________ Now click on Costs and Fees 8. What is the total investment? _________________________________________________________ 9. What is the Franchise fee? ____________________________________________________________ 10. What is the ongoing Royalty Fee? ____________________________________________________ 11. How long is the agreement for and can it be renewed? __________________________________ Additional information 12. What is their official website? ________________________________________________________ 13. Find an article about their business – (usually under publications or customer relations on their official websites) if not use a search engine to locate one – Write at least 5 sentences about the article. _______________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ 14. Do we have a franchise in our area? If not why do you think that is? ______________________ _____________________________________________________________________________________ 15. What kind of support is provided to the business owner after opening the business? _____________________________________________________________________________________
4 _____________________________________________________________________________________ 16. What are the requirements of the owner/manager of this franchise (i.e. education, personality traits, etc.)? ___________________________________________________________________________ _____________________________________________________________________________________ 17. How can you contact the company to obtain more information about the franchise? ________ _____________________________________________________________________________________ _____________________________________________________________________________________ 18. What did you find interesting about the particular franchise? ____________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ 19 and 20. Include any other two facts that you would like to include. a. ______________________________________________________________________________ b. ______________________________________________________________________________ Be prepared to possibly create PowerPoint in reference to one of your researched franchise. So you may not select the same one that a neighbor has selected in doing.
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Franchise Number 3 ____________________ 1. What year did the business begin? ____________________________________________________ 2. What is the year the franchise began? __________________________________________________ 3. Where did the business begin? ________________________________________________________ 4. What is the history of the business? (at least 5 sentences) _________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ 5. What is the franchise growth? ________________________________________________________ 6. Where are they seeking franchises? ____________________________________________________ 7. What if any special program does the business offer?_____________________________________ _____________________________________________________________________________________ Now click on Costs and Fees 8. What is the total investment? _________________________________________________________ 9. What is the Franchise fee? ____________________________________________________________ 10. What is the ongoing Royalty Fee? ____________________________________________________ 11. How long is the agreement for and can it be renewed? __________________________________ Additional information 12. What is their official website? ________________________________________________________ 13. Find an article about their business – (usually under publications or customer relations on their official websites) if not use a search engine to locate one – Write at least 5 sentences about the article. _______________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ 14. Do we have a franchise in our area? If not why do you think that is? ______________________ _____________________________________________________________________________________ 15. What kind of support is provided to the business owner after opening the business? _____________________________________________________________________________________
6 _____________________________________________________________________________________ 16. What are the requirements of the owner/manager of this franchise (i.e. education, personality traits, etc.)? ___________________________________________________________________________ _____________________________________________________________________________________ 17. How can you contact the company to obtain more information about the franchise? ________ _____________________________________________________________________________________ _____________________________________________________________________________________ 18. What did you find interesting about the particular franchise? ____________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ 19 and 20. Include any other two facts that you would like to include. a. ______________________________________________________________________________ b. _____________________________________________________________________________ Be prepared to possibly create PowerPoint in reference to one of your researched franchise. So you may not select the same one that a neighbor has selected in doing.